1. were you able to get the job at that price
2. did you estimate the right cost of materials
3. did you estimate the right number of man hours
4. was there enough money to pay you and your help and still cover the cost of your overhead and profit

The less billable hours you have each year, the larger the amount of money you have to recover out of that hourly rate. That does not mean that people want to pay you more per hour to work, but it is a reality that you have to account for.

300% markup seems high depending on what it is and your hourly rate seems lowPosted via Mobile Device

I'm not covering much overhead at $25/hour. However, I am making it up by overcharging on the material. My logic is that, as a newbie, I am always going to be off on the time expected to complete the job (total man hours). I have been low everytime. So to balance that out, I gave myself the cushion of tripling wholesale prices. This gives me a balance where I know I'm not going to underbid hours tremendously.Posted via Mobile Device